The Islamic Corporation for the Development of the Private Sector (ICD), the member of the Islamic Development Bank (IDB) Group, has signed a Murabaha Facility of USD 20 Million with LankaBangla Finance Limited (LBFL)recently.This is the first time in Bangladesh that a NBFI is going to avail Shariah compliant foreign currency financingfrom ICD to build up the SME portfolio.
Mr. Ayman Amin Sejiny, Chief Executive Officer of ICD and Mr. Khwaja Shahriar,Managing Director& CEO of LankaBangla Finance Limited signed the facility agreement on behalf of their respective organizations.
During the signing event of this transaction, Mr. Md. Rafiqul Islam, Managing Director & CEO of Green Delta Capital Limited as the Lead Advisor and Security Agent, Mr. Ahmed Khalid, Regional Head, ICD-Kuala Lumpur, Mr. Quamrul Islam, Head of Treasury of LankaBangla Finance Limited along with other high officials from the respective organizations were also present.
At the Mobile Broadband Forum (MBBF) Top Talk Summit held during MWC Shanghai 2025, 150…
The International University of Information Management (IUIM), Colorado, USA has conferred the prestigious Doctorate Degree,…
Denim lovers in the Pink City have a new reason to celebrate. Pepe Jeans London,…
Md. Shafayet Alam has taken over as the Chief Executive Officer (CEO) of Nagad Ltd.,…
PriyoShop, Bangladesh’s leading B2B marketplace and smart distribution platform, is on a mission to reshape…
Buyers get iPhones and other prizes by buying products from ‘Beauty Booth’, a popular brand…